Tesla Motors (TSLA.US) will hold a shareholder meeting on November 6. One of the voting items will involve a proposal on whether the company's board is authorized to invest in artificial intelligence company xAI.

In filings submitted to the Securities and Exchange Commission (SEC), Tesla Motors emphasized that the company is transforming into a leading artificial intelligence, robotics, and energy enterprise, with a mission to advance technology that benefits humanity and promote sustainable energy.

As an artificial intelligence startup under Tesla Motors CEO Elon Musk, xAI is a company focused on building artificial intelligence to accelerate human scientific discovery. Its developed AI assistant Grok has been integrated into Tesla Motors vehicles to enhance user experience, vehicle functionality, and autonomous driving capabilities.

Tesla Motors pointed out to shareholders that the synergies between Tesla Motors and xAI are evident, as both companies are committed to advancing technology development that benefits humanity. Meanwhile, xAI's artificial intelligence expertise will complement Tesla Motors' progress in autonomous driving, robotics, and energy optimization.

Tesla Motors stated: "Tesla Motors' strategic investment in the artificial intelligence field is crucial for maintaining its competitive advantage in the rapidly developing AI and robotics industry. Direct investment in xAI will strengthen Tesla Motors' access to cutting-edge artificial intelligence technology, talent, and intellectual property."

"xAI's mission aligns with Tesla Motors, creating opportunities for collaborative innovation in areas such as vehicle AI, energy grid optimization, and humanoid robots, potentially enhancing Tesla Motors' product portfolio and market leadership position."

In summary, Tesla Motors believes that investment in xAI will give Tesla Motors a stake in an important artificial intelligence company, potentially bringing substantial financial returns while driving technological progress that benefits customers and shareholders.

Notably, in July this year, reports emerged that SpaceX, another private company under Musk, planned to invest $2 billion in xAI as part of the latter's new $5 billion funding round, marking SpaceX's first investment in xAI.

After this news broke, some netizens posted on social media platform X: "Tesla Motors should invest in xAI, otherwise it's unfair to retail investors." Musk replied: "That's not my decision. If it were up to me, Tesla Motors would have invested in xAI long ago." However, Musk clearly stated, "We will hold a shareholder vote on this matter."

Tesla Motors' investment in xAI represents a large-scale resource integration among Musk's companies, which to some extent will help Tesla Motors gain more artificial intelligence resources. However, for some Tesla Motors shareholders, this may also be viewed as another instance of Musk's "public resources for private use."

Tesla Motors is a publicly traded company, and Musk is merely one of the shareholders. Tesla Motors shareholders have long complained about Musk, as he has repeatedly used Tesla Motors' resources to "subsidize" xAI and social platform X. For example, he transferred priority purchasing rights for NVIDIA H100 GPUs to xAI and X, thereby shelving Tesla Motors' own autonomous driving system research.

Additionally, reports indicate that Musk has repeatedly poached talent from Tesla Motors and transferred them to his private companies. These actions have sparked widespread dissatisfaction within Tesla Motors and caused some shareholders to increasingly distrust Musk's management commitments to Tesla Motors.